Nylon Filament Yarn Price Trend and Forecast

Nylon Filament Yarn Regional Price Overview

Get the latest insights on price movement and trend analysis of Nylon Filament Yarn in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Nylon Filament Yarn Price Trend for the Q3 of 2024

Asia

The Asian Nylon Filament Yarn market experienced a complex pricing landscape during the third quarter of 2024. Initially characterized by declining prices and weak demand, the market gradually showed signs of recovery.
 

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Oversupply from high operating rates and reduced raw material costs contributed to early price pressures. However, towards the end of the quarter, market sentiment began to improve. Export orders started to stabilize, and downstream industries showed tentative signs of renewed interest. The textile and automotive sectors, which had been struggling, demonstrated early indicators of potential recovery.

Europe

The European Nylon Filament Yarn market displayed a nuanced pricing trend throughout Q3 2024. The manufacturing sector, previously contracting, began to show signs of stabilization. Inventory adjustments and cautious procurement strategies characterized the market. Despite initial sluggishness, the latter part of the quarter witnessed a gradual improvement in market sentiment. Textile and automotive industries started to rebuild confidence, suggesting a potential turnaround in market dynamics.

North America

The North American Nylon Filament Yarn market maintained a relatively stable pricing environment during the third quarter of 2024. Initial market conditions were marked by subdued demand and cautious buying behaviour. However, as the quarter progressed, subtle signs of recovery emerged. Downstream industries, particularly textiles and automotive, showed initial indicators of renewed interest. Logistical challenges, including hurricane-related disruptions, began to ease, creating more favourable market conditions. The market demonstrated resilience and early signs of potential growth.

Analyst Insight

According to Procurement Resource, the Nylon Filament Yarn market appears poised for gradual recovery. Emerging positive indicators across regions suggest a potential stabilization and modest growth trajectory in the coming quarters, contingent upon broader economic conditions and industrial demand recovery.
 

Nylon Filament Yarn Price Trend for the Q2 of 2024

Asia

During the second quarter of 2024, nylon filament yarn prices in China experienced significant upward momentum. This price surge was primarily driven by increased demand from the downstream tire industry, particularly after the Labor Day holidays, which led to higher export prices. The rise in nylon filament yarn prices was further supported by the recovery of global consumer demand and a corresponding boost in tire production. Despite stable prices in April, May saw a sharp increase due to intensified freight disruptions across major markets in the Asia-Pacific region.

The higher demand for original equipment in the Chinese market contrasted with a slight dip in replacement tire demand, yet overall year-to-date figures remained positive. Additionally, Chinese domestic players strategically tightened supplies to maximize margins, selling at elevated prices. However, high debt levels globally limited central bank interventions to ease interest rates, affecting market dynamics. The supply disruptions, notably from Russian deliveries at lower prices, also influenced the market.

Europe

The consequences of rising production costs based on inclining prices of raw materials and crude oil were evident in the northward trend of nylon filament yarn pricing patterns during the second quarter of 2024. The market also witnessed a rise in the value of domestic produce as the overseas imports declined amid rising trading challenges and increased freight charges. Further, the lowering of ECB’s interest rates in June also exerted a positive influence on the nylon filament yarn market and drove the market momentum in an upward trajectory throughout the second quarter of 2024.

North America

The North American market of nylon filament yarn resonated with Asian and European markets as the prices inclined gradually in the second quarter of 2024. The downstream industries picked up their pace after a long period of stagnancy, supported by improving economic parameters of the region.

The export volumes, however, were hit by the closure of Baltimore Port and the fall in the water levels of the Panama Canal. On the other hand, the influence of Asian imports on the US market declined as the imports fell amid a struggling trade sector and an increase in lead times. Overall, the market momentum was supported by the in-house demand and sufficient production activities.

Analyst Insight

According to Procurement Resource, the price trend of Nylon Filament Yarn is expected to remain northwards in the next quarter as well, primarily driven by the inclining prices of feedstock commodities and persistent surge in freight charges as well as lead times as the global trading sector struggle to mitigate the concerns intensified by the geopolitical conflicts.
 

Nylon Filament Yarn Price Trend for the Q1 of 2024

Asia

In China, during the spring festival holiday, nylon filament yarn production units in many parts of the region adjusted their operations rates due to the lack of availability of labor during the holiday season. This scarcity somehow benefited the traders as they enjoyed the widening of the gap between the supply and demand sectors of the market.

Additionally, fabric mills, warp knitting plants, and circular knitting plants also adjusted their operations accordingly, with some halting production or operating at reduced capacity amid the constrained functioning of raw material supply chains. However, the fluctuations in the pricing patterns of the market started post-holiday season, as the supply chains raised their efficiency while the revival of the downstream industries was slow, extending a downward pressure of rising inventories on the nylon filament yarn price trend.

Europe

In the first quarter of 2024, nylon filament yarn prices swiftly declined in European countries, specifically in Germany. The first half of the quarter witnessed nylon filament yarn prices dropping at a much faster pace than anticipated, with China asserting a significant influence on the exporting volumes. The market was primarily driven by decreased demand for winter apparel as the season ended, coupled with lowered upstream costs due to significant declines in feedstock prices like mono-ethylene glycol and purified terephthalic acid.

Additionally, improvements in freight networks, such as increased transits at the Panama Canal and temporary easing of tensions in the Red Sea, somewhat alleviated supply chain disruptions. Despite these positive developments, overall market volatility persisted throughout the quarter, influenced by factors like the souring of China's relationship with Iran and ongoing economic fluctuations. Additionally, the market also bore down the consequences of reduced production costs and the loss of interest of overseas players in European produce.

North America

The nylon filament yarn industries had an optimistic start to the new year and were later disrupted by significant production cutbacks and delays, with some factories undergoing sudden maintenance plans. This shift was not solely due to raw material market dynamics but also operational challenges that persisted throughout the quarter in North America. Despite an initial restocking by downstream industries, subsequent low sales eventually raised the levels of nylon filament yarn inventories, posing challenges for the trading community.

Additionally, uncertainty in both upstream and downstream material prices, including polyester, cotton, and viscose, influenced by consumer behavior and market unpredictability, further added to the complexity of the market.

Analyst Insight

According to Procurement Resource, the price trend of Nylon Filament Yarn is expected to turn northwards in the forthcoming quarters as the overall outlook of the downstream industries and the rising cost of crude oil is likely to support a surge in the prices of nylon filament yarn.
 

Nylon Filament Yarn Price Trend for the October - December of 2023

Asia

The initial phase of the fourth quarter of 2023 witnessed slight stumbling in the Nylon Filament Yarn price trend on account of the slump they registered in the last month of the previous quarter. However, as the quarter progressed, opposite to what traders would have expected, the Nylon Filament Yarn price trend inclined slowly but steadily.

This inclination in the Nylon Filament Yarn price trend was based on substantial demand from the automotive and polymer industries, and the government initiative, especially in China, boosted the momentum of these industries.

Europe

The price graph of Nylon Filament Yarn in the last quarter of 2023 escalated as the adjacent industries such as PA6, PA66 noticed a spike in their market momentum. The positive outlook of consumers and investors as the downstream textile and other related industries increased their number of new orders on account of investments flooding in the sector.

However, the European economy was still struggling with the consecutive hits from the reducing of exports due to blockage of Red Sea route and ever rising inflationary pressure.

North America

The overall general outlook of the Nylon Filament Yarn price graph remained promising in the last quarter of 2023 although it failed to showcase significant appreciation. It, however, presented remarkable improvement in the momentum of the end-user industries and the spending appetite of the consumer.

As the cost of production took a downward turn, the Nylon Filament Yarn demand inclined as the industries saw this as an opportunity to stockpile their inventories before the escalation in Nylon Filament Yarn price graph in the upcoming year.

Analyst Insight

According to Procurement Resource, the price trend of Nylon Filament Yarn are expected to witness a positive start in the new year as the momentum of the downstream industries is very likely to favor the rise in Nylon Filament Yarn price trajectory.
 

Nylon Filament Yarn Price Trend for the July - September of 2023

Asia

The northward movement of nylon filament yarn prices was on account of rising sales of automotive industries. In addition to the automotive industries, the agriculture sector also showcased a significant improvement in their number of inquiries, and thus despite the weak condition of the Asian economy, the price trend of nylon filament yarn surged. Further, after a period of stagnancy in the feedstock market, its prices also started improving as the quarter progressed and thus supported the rise in the nylon filament yarn price trend.

Europe

In Europe, the energy cost rose by a significant number, resulting in a rise in production costs, and along with the weak demand for nylon filament yarn shown by downstream industries, the nylon filament yarn price graph witnessed a significant decline. In view of this, many European countries reduced their number of imports from Asian countries, hampering the overall trading sentiments of nylon filament yarn.

North America

The excess supply of nylon filament yarn in North America forced the traders to sell their products at compromised rates. The level of inventories was further inflated due to the weak demand and rise in the cost of energy production. However, as the quarter progressed, with the rising prices of feedstock materials and improvements in the market activities of nylon filament yarn, the declining trajectory of nylon filament yarn price trend moved towards stability.

Analyst Insight

According to Procurement Resource, the price trend of Nylon Filament Yarn are expected to fluctuate as the demand, supply, and overall dynamics of the global nylon filament yarn market are expected to witness oscillations.
 

Nylon Filament Yarn Price Trend for the First Half of 2023

Asia

The Asia-Pacific market remained volatile in the first two quarters of 2023. The price trend of Nylon Filament Yarn inclined in the initial months owing to the rising demand from the textile sector. But in the subsequent months, the rising level of inventories and non-equilibrium in the supply-demand dynamics had a negative impact on the price trend of nylon filament yarn. In addition, the falling prices of feedstock also did not provide the required cost support.

Europe

An inclining trajectory in the price trend of Nylon Filament Yarn was observed in the first and second quarters of 2023. The demand from the downstream textile companies was strong and did not change much in the first two quarters. But the rising piles of inventories forced the manufacturers to reduce their profit margins to keep the price trend of Nylon Filament Yarn afloat, which somewhat negatively impacted the Nylon Filament Yarn market in the first two quarters of 2023.

North America

In the first half of the first quarter, the price trend of Nylon Filament Yarn drove upwards as it was supported by the hike in demand from the downstream industries. But in the second half of the first quarter and the second quarter, the prices declined due to high stockpiles and subdued demand from the textile sector. Manufacturers and traders were thus forced to decrease their price quotations which eventually led to the downfall in the price trend of nylon filament yarn.

Analyst Insight

According to Procurement Resource, the price trend of Nylon Filament Yarn is expected to showcase a falling trajectory as the demand from downstream industries seems feeble. Further, the erratic feedstock prices will likely influence the market.

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